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National Mortgage Delinquencies For THe Fourth Quarter Of 2009

By
Real Estate Agent with Heritage Oak Properties 01367027

NATIONAL MORTGAGE DELINQUENCIES FOR THE 4th QUARTER OF 2009

The Mortgage Banker's Association has released the National Mortgage Delinquency statistics for the forth quarter of 2009.  As expected, the numbers continue to raise.  The following chart prepared by the Distressed Property Institute reveals these statistics.  They break them down by type of mortgage and status within the foreclosure process. 

The first stage is when the loan is in default, meaning that the loan payment is more than 30 days late.  The  second stage is in Foreclosure, meaning that the bank has taken the property back and they now own the property.

The chart also shows the unemployment rate and the underemployment rate, both of which have a direct impact on the delinquencies now and in the future.

As a member of the CDPE organization, I agree that we want the public to be aware of the current market conditions.  Feel free to call if you have any questions.  My apologies for the organizations failure to use spell check.

Russel Ray, San Diego Business & Marketing Consultant & Photographer
Russel Ray - San Diego State University, CA

Down here mortgage delinquencies are falling. It appears that we are in year two of a real estate recovery. Of course, San Diego and California usually lead the way, both going up and coming down. Just remember that even though everyone likes to spout out those national statistics, real estate is local, just like politics.

Jul 05, 2010 04:39 PM